Contracts for U.S. home sales at highest level since June 2013

April 29, 2015 2:01 PM

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WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes rose in March to their highest level since 2013, a positive sign for the U.S. housing market amid expectations it is emerging from a soft patch.

The National Association of Realtors on Wednesday said its pending home sales index rose 1.1 percent last month.